Rs1,949.72m released for 13 petroleum sector projects in 10 months

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The government has released funds amounting to Rs1,949.72 million to execute seven ongoing and six new petroleum-related projects during the first 10 months of the current fiscal year under the Public Sector Development Programme (PSDP 2021-22) against a total allocation of Rs3,249.54 million.

Out of the total disbursement of Rs1,949.72 million, around Rs586.54 million have been spent on petroleum projects during a 10-month period (July-April) of the current fiscal year to accelerate oil and gas exploration activities and achieve self-sufficiency in the energy sector, according to official data available with APP.—APP

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